Person who has never taken an econ course: "Price controls are great!" Person who has taken an undergraduate econ course only: "Price controls are terrible!"

Person who has never taken an econ course: "Price controls are great!" Person who has taken an undergraduate econ course only: "Price controls are terrible!" Mathematical economists: "Price controls are bad by definition, under highly restrictive assumptions about human welfare." Economists who study the actual history of price controls: "It varies and depends." Regarding the last view, Isabella Weber has done some interesting work: https://twitter.com/IsabellaMWeber https://twitter.com/IsabellaMWeber